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Stock Market & Financial Investment News

News Breaks
July 22, 2014
07:19 EDTUBSHUnion First Market expects net interest margin to decline modestly
Expects decreases in earning asset yields to outpace declines in interest-bearing liabilities rates.
News For UBSH From The Last 14 Days
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January 29, 2015
10:00 EDTUBSHOn The Fly: Analyst Downgrade Summary
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06:30 EDTUBSHUnion Bankshares downgraded to Neutral from Buy at Compass Point
Compass Point downgraded Union Bankshares to Neutral following the Q4 miss from loan loss provisions.
January 28, 2015
08:02 EDTUBSHUnion Bankshares reports Q4 EPS excl items 34c, consensus 42c
For the quarter ended December 31, 2014, net charge-offs were $4.2 million, or 0.31% on an annualized basis, compared to $4.9 million, or 0.65%, for the same quarter last year and $1.1 million, or 0.08%, for the third quarter of 2014. Past due loans totaled $48.1 million, or 0.90% of total loans, at December 31, 2014 compared to $26.5 million, or 0.87%, a year ago and $58.4 million, or 1.13%, at September 30, 2014. The provision for loan losses for the current quarter was $4.5 million, an increase of $3.3 million compared to the same quarter a year ago and an increase of $2.7 million from the previous quarter.

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